Live: Fed Chair Jerome Powell's FOMC Press Conference

Federal Reserve Chairman Jerome Powell's press conference following the Fed's July FOMC meeting and the expected 25 basis point (0.25%) increase in the Fed Funds Rate. Investors are looking for clues as to whether The Fed will continue along the path of "higher for longer" or is the much anticipated "Pivot" finally here? The Fed is attempting to thread the needle by fighting inflation without causing widespread chaos in the financial system. Although inflation has fallen considerably this year, it remains above the Fed's 2% target. Yet at the same time, the central bank's quantitative tightening and interest rate hikes have set off a chain of events that has resulted in the failure of Silicon Valley Bank, Signature Bank, and most recently First Republic Bank.

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